Tracking real-time hot topics in the crypto world and seizing the best trading opportunities. Today is Friday, November 7, 2025. I’m Wang Yibo! Good morning, crypto friends! ☀Iron Fans Check-in 👍Like and Prosper 🍗🍗🌹🌹,

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The three major U.S. stock indices all closed lower, with the Nasdaq down 1.9%, the S&P 500 down 1.12%, and the Dow Jones down 0.84%. Large tech stocks declined across the board. The U.S. government shutdown has led to the absence of key employment data, temporarily masking structural issues in the labor market. Once the data flow resumes, weak employment signals could end the recent dollar rally. This government shutdown is the longest in U.S. history, disrupting economic outlooks and fueling market doubts about whether the Fed, which has already cut rates twice this year, will have enough data in December to justify another rate cut. According to CME’s “FedWatch”: there’s a 70.6% chance of a 25 basis point rate cut in December, and a 29.4% chance of holding rates steady. The probability of a total 25 basis point cut by January next year is 54.2%, with a 17.7% chance of no change, and a 28.2% chance of a total 50 basis point cut. Stay tuned with Yibo for timely updates.

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Bitcoin recently experienced a short-term rebound, reaching around $104,498. After hitting this high, bullish momentum clearly weakened, and yesterday the market entered a consolidation phase with sideways fluctuations. Intraday, the rebound sentiment continued to fade; the price only managed to rise to about $103,588 before facing resistance and pulling back, with bearish forces gradually taking control. As of early today, the lowest price dipped to $100,237. Although there was a slight rebound from this level, peaking near $102,300 in the early morning, the rebound was weak, and the price fell back to around $100,480, maintaining a slight upward correction. Currently, Bitcoin’s technical outlook shows clear weakness, with support on the hourly lower band becoming unstable. The $100,000 level has become the key battleground for bulls and bears in the short term. From a market logic perspective, without significant positive news to inject liquidity, bulls are unlikely to mount an effective counterattack, and the weak rebound pattern may continue. In future trading, focus on the validity of the $100,000 support: if it holds, the market could form a corrective rebound with potential for further upside; if it breaks decisively, the price may test lower levels, so be alert to the risk of a phase correction.

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Ethereum, after reaching a high of $3,480 two days ago, also faced downward pressure. Yesterday, it traded mostly sideways with a downward bias, with lows gradually shifting lower as bears gained control. In the evening, ETH tested the $3,400 support twice but failed to stabilize, then sharply declined, bottoming near $3,244 before finding support and stopping the fall. However, the rebound in the early hours was also weaker than expected, with a high of only around $3,350 before retreating again. Currently, ETH is consolidating around $3,300. The key support level to watch is $3,220. This level is not only a critical support zone during this correction but also near the previous rally’s key breakout point. Its ability to hold will directly influence whether ETH can resume a rebound and recover previous losses. If $3,220 holds, the market may stabilize and attempt a new rally; if it fails, ETH could further decline along with Bitcoin, so watch out for linked downside risks.